Cetc Potevio Science&Technology Co Ltd

Putian Technology disclosed its 2026 semi-annual report on August 26. In the first half of the year, total operating revenue was 1.765 billion yuan, down 12.78 percent year on year. Net loss attributable to the parent company was 24.92 million yuan, compared with a loss of 20.80 million yuan in the same period last year. Net loss after deducting non-recurring items was 30.49 million yuan, compared with a loss of 29.33 million yuan a year earlier. Net cash flow from operating activities was negative 280 million yuan, compared with negative 110 million yuan in the prior-year period. During the reporting period, basic loss per share was 0.0366 yuan, and the weighted average return on equity was negative 0.67 percent. As of the end of the first half of 2026, the company's inventory book value was 1.329 billion yuan, accounting for 35.79 percent of net assets, an increase of 198 million yuan from the end of the previous year. The company's main businesses cover public network communications, private network communications and smart applications, and intelligent manufacturing.

Putian Technology released its 2026 interim report. Total operating revenue was 1.765 billion yuan, down 12.78 percent year on year. Net profit attributable to the parent company was a loss of 24.9211 million yuan, with the loss widening compared with the same period last year. Net cash flow from operating activities was negative 280 million yuan. The asset-liability ratio was 56.58 percent, gross margin was 11.94 percent, return on equity was negative 0.67 percent, and diluted earnings per share was negative 0.04 yuan. The company had 54,800 shareholders, and the top ten shareholders held 44.67 percent of total share capital.

Putian Technology released its 2026 interim report. Operating revenue was 1.77 billion yuan, down 12.8% year on year. Net profit attributable to the parent swung from a loss of 20.8 million yuan in the same period last year to a loss of 24.92 million yuan, widening the deficit. Net profit attributable to the parent after deducting non-recurring items swung from a loss of 29.33 million yuan a year earlier to a loss of 30.49 million yuan, also widening the deficit. Net operating cash flow was negative 280 million yuan, down 154.8% year on year. In the second quarter, operating revenue was 921 million yuan, down 20.1% year on year. Net profit attributable to the parent swung from a loss of 4.41 million yuan a year earlier to a loss of 8.35 million yuan, widening the deficit. As of the end of the second quarter, total assets stood at 8.755 billion yuan, down 5.8% from the end of the previous year. Net assets attributable to the parent were 3.714 billion yuan, down 0.8% from the end of the previous year. In the interim report, the company said its main operations remain focused on the information and communications sector, especially public network communications, private network communications and smart applications, and intelligent manufacturing, while it is also making arrangements in emerging industries such as the low-altitude economy and data governance.

Putian Technology issued an announcement, expecting a loss of 16 million to 32 million yuan in the first half of 2026. The company stated that the main reason for the loss is that the public network communications segment was affected by industry cycles and intensified competition, putting pressure on revenue scale and profitability. The intelligent manufacturing segment saw a decline in scale due to a cyclical drop in demand from specific customers, while rising raw material prices and increased investment in core technology research and development led to a phased decline in profitability. In the first quarter of 2026, the company achieved revenue of 844 million yuan, with a net loss attributable to the parent company of 16.57 million yuan.